Stardust
Sat Nov 30 2024
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5 answers
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What is a Mashonisa loan?
A Mashonisa loan refers to a type of informal or unregulated loan typically sought in South Africa, often characterized by high interest rates and sometimes associated with loan sharks or illegal lending practices. Such loans are usually obtained from individuals or unlicensed lenders, and can lead to significant debt problems for borrowers due to their exorbitant costs and sometimes predatory nature.
